Britain To Part Nationalize Banks

Avatar:
Ben Cohen
Author:
Publish date:
Social count:
0

By Ben Cohen

So much for the free market philosophy rammed down everyone's throat in the U.K for the past 29 years - The British Government has just announced it is part nationalizing the banking system, pumping $100 billion (50 billion U.K pounds) of investment to stabilize the market.

Will we now accept that giving the rich free reign over the economy does not work? It remains to be seen, but this is a very significant rebuke to neo liberalism. And about time too.